Le Meridien Breaks Ground on New Hotel in Arts District of Columbus

  Le Meridien Breaks Ground on New Hotel in Arts District of Columbus

Slated to Debut in Early 2015, Le Méridien Columbus, The Joseph, to be located
                          in the City’s Short North

Business Wire

NEW YORK -- August 22, 2013

Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today announced the
debut of Le Méridien Columbus, The Joseph, adding this cosmopolitan Midwest
city to Le Méridien brand’s rapidly expanding global portfolio. Owned by The
Pizzuti Companies and operated by Wischermann Partners, the new build 10-story
hotel will offer 135 modern rooms with all of the Paris-born brand’s signature
amenities and services. Located in the Short North Arts District, the city’s
cultural center, Le Méridien Columbus is slated to open in early 2015, and
today’s ground-breaking ceremony, attended by representatives from Pizzuti,
Starwood, and Wischermann Partners, marked the start of construction for not
only Le Méridien Columbus but also the office and retail building and parking
garage that make up Pizzuti’s The Joseph mixed-use development project.

“The uptick of Le Méridien hotel deals we’re seeing underscores the success of
the brand’s recent repositioning and its popularity among cosmopolitan
travelers,” said Allison Reid, Senior Vice President of North America
Development, Starwood Hotels & Resorts Worldwide, Inc. “We are delighted to
partner with The Pizzuti Companies and expand our relationship with
Wischermann Partners as we work together to bring this contemporary design-led
brand to Columbus.”

Le Méridien Columbus will feature a full-service restaurant, signature bar,
two deluxe spa suites, and 1,200 square foot 24-hour fitness center. The hotel
will be equipped with nearly 8,000 square feet of state-of-the-art meeting and
event space, perfect for social occasions and business functions.

“Le Méridien Columbus, The Joseph is an exciting addition to Columbus and the
Short North Arts District,” said Joel S. Pizzuti, president of The Pizzuti
Companies. “As part of our overall Joseph development, which also includes a
mix of office, retail, parking and art exhibition space, the new Le Méridien
hotel will further establish the Short North as the place to be in Columbus.”

Le Méridien Columbus, The Joseph will feature a two-story signature Le
Méridien Hub™ experience, which re-interprets the traditional lobby into a
social gathering place for creative people to converse, debate, and exchange.
The Le Méridien Columbus Hub will offer both guests and locals a creative
atmosphere where contemporary, curated artwork from the famed Pizzuti
Collection will set the environment. Le Méridien Hub further builds on the
brand’s award-winning arrival experience and coffee culture. Le Méridien
arrival consists of four elements: large-scale artwork in high impact areas to
reset the mind and stimulate dialogue and curiosity; the sensory experience,
illustrated through Le Méridien signature scent, sound and use of light,
creating a unique and distinctive atmosphere; UNLOCK ART™ programme, featuring
LM100 ™ artist designed key card collections that not only offer access to the
guestroom but also to Le Méridien affiliated contemporary cultural centers in
the city; and a 24-hour curated soundtrack.

“We are delighted to partake in the creation of this modern classic design
experience in Columbus, the fourth Le Méridien branded hotel in our
portfolio,” said Paul Wischermann, President of Wischermann Partners. “The
Short North is the perfect setting, where Starwood’s most loyal guests will be
invited to discover, explore and engage with the local cultural scene.”

Le Méridien Columbus will anchor a highly anticipated, new mixed-use Joseph
development complex that is slated to open in 2014 and will include a
six-story, cubist-inspired office building with 60,000 square feet of premium
office and retail space, a 313-space parking garage adjacent to the office
building, and the Pizzuti Collection, which houses the contemporary art
collection of Ron Pizzuti, founder and CEO of The Pizzuti Companies, and will
open September 7, 2013. Pizzuti announced in July that women’s apparel and
accessory retailer Anthropologie will occupy approximately 9,800 square feet
on the first two floors of the office/retail building.

Located at 620 North High Street, Le Méridien Columbus will be one block north
of the Columbus Convention Center and within walking distance to the art
galleries, restaurants, coffee shops, boutiques and nightclubs of the Short
North. The hotel will also offer close proximity to The Ohio State University
campus and the corporate headquarters of Nationwide Insurance, Cardinal
Healthcare and the Limited Brands.

About Le Méridien Hotels & Resorts

Le Méridien, the Paris-born hotel brand currently represented by nearly 100
properties in more than 40 countries, was acquired by Starwood Hotels &
Resorts Worldwide, Inc. (NYSE: HOT) in November 2005. With more than 80 of its
properties located in Europe, Africa, the Middle East, and Asia-Pacific, Le
Méridien provided a strong international complement to Starwood’s then
primarily North American holdings at the time of purchase. Since then, Le
Méridien has gone through a brand re-launch, which included a large scale
hotels product consolidation as well as redefining its brand strategy. Through
creation of the LM100 artist community, Le Méridien has transformed numerous
guest touch points, thus bringing unique, interactive and curated experiences
to its guests. Plans call for dynamic expansion of Le Méridien Hotels and
Resorts within the next five years, concentrating on markets in Asia-Pacific
and the Americas. Le Méridien recently opened new hotels in Bali, Atlanta,
Dallas, Istanbul, Oran (Algeria), Arlington (Virginia, USA), and Coimbatore
(India), and will open in the next 12 months in Chicago, Zhengzhou (China),
Mahabaleshwar (India), Ho Chi Minh City (Vietnam), Cairo (Egypt), Qingdao
(China), Dhaka (Bangladesh), Tampa (Florida, USA) and Columbus (Ohio, USA).
For more information, please visit www.lemeridien.com or
www.facebook.com/lemeridien. Follow @lemerdienhotels on Instagram.

About The Pizzuti Companies

The Pizzuti Companies is a recognized leader in the development, marketing and
management of real estate. With operations in Columbus, Chicago and Orlando,
Pizzuti has developed more than 40 million square feet of Class A office,
hospitality, medical and healthcare, retail, residential and
institutional-quality industrial facilities throughout the Midwest and
Southeast regions of the United States. Pizzuti also has considerable
experience working with local governments in the development of creative
public-private partnerships. A leader in sustainable design practices, Pizzuti
has completed build-to-suit and speculative construction projects in each of
their major markets. Pizzuti Solutions LLC, a wholly owned subsidiary, boasts
a staff with decades of combined public-sector work experiences, and focuses
extensively in the areas of public facilities, sports and recreation, cultural
facilities, education and strategic planning.

About Wischermann Partners

Wischermann Partners, Inc. is a national hospitality firm, focused on the
operations of upper upscale and luxury hotels. Recognized by clients, peers
and industry experts, Wischermann Partners brings a unique mix of knowledge,
experience and insight to hospitality management, development and
acquisitions. Currently, Wischermann Partners operates a hotel portfolio of
nearly 3,000 rooms. For more information about Wischermann Partners, please
visit www.wischermannpartners.com.


Global Public Relations, Le Méridien
Trey Sarten, +1 212-380-4010
The Pizzuti Companies
Bob Monds, +1 614-280-4058
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